Romney and Santorum: Attack Mode

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... the the ... good morning and welcome to the news topic today we have the GOP final four ... going at it in Arizona and found a good shot at this illness could open up oil fields in Venezuela and China and said Jeremy Lin treatment ... good morning and Jeannette Neumann happy to be here this morning on the News Hub happy to be joined by ... the Lipschutz Neil thanks so much for app on your site ... but ... a and Dom first up were going to go to Sheboygan ... with cars on the online we've got that we got Neil King MEO Mario ... the internet wonderful we wanted so we wanna turn you for analysis of last night's ... GOP debate these that these debates have often been kind of that ... on that awful if you will to prove who's the most conservative candidate so ... in your painting and who did it we did the best job last night who feared the facts did not in being the most conservative candidate ... yes the show's March twenty oh for him is that is good in the last one for awhile ... um can I think clearly ... the without the great night necessarily for Rick Santorum ... on everybody from all sides caught and corrected him and his record in the Senate ... um everybody is there a certain set of leaves behind a track record in in one or the other regret ... any just a lot of votes for ... the bigger appropriations bills contraceptive ... rules various things that he had to explain ... I think all in all it didn't go well for Mitt Romney and think ... that probably didn't help him some water ... in Arizona and Michigan the next two big races next Tuesday ... really both of them being must wins for him ... Newt Gingrich ... some good moments but he's kind of ... become a little bit marginalizing even felt that way ... in some senses on stage ... and Ron Paul to bathe lines as he often does the ... over the floor is a huge game about moans and you think ... far enough Ron Paul ... so they're a lot of sparks between aam Santorum hand Romney ... there were index the kind of book while I ... go toward Santorum and a bunch of with you know that one of the funnier moments and probably the most replayed already was up ... when the moderator John King Turner Ron Paul and said you're ... ICU's ... Sen Sharma being afraid is well isn't ... and I went on to describe how he considers ... the Santorum to be a fake conservative based on his voting record ... so there is the endurance is a lot of sparring back and forth ... between Mitt Romney and Rick Santorum falls on a whole range of other issues ... a lot of the two of the careless mean the Santorum on via about the balance budget ... discover their balance the budget for four years ... cost is a requirement to balance the budget for years no breaks ... the mould for ... I'd like to see it that way but don't go grab brag about something I have to do that Michael Dukakis balance the budget for ten years is that they can qualify to the president saved the day ... the meal just just a quick question here you'll queue point earlier ... about anybody who's been in public life certainly in the Senate ... even as the governor ... is by definition they're directed to the mix especially when the truck appeal to one part of the electorate is the focus of an appeal ... to the Republican base ... the move Comeau forms but they decided to judge what they're seen ... as the what the person is this thousand the future ... you know it's it's interesting I've been hearing in Wisconsin it's looking more towards the general election Wisconsin primer is still more than a month away ... talking to Democrats but also more more when you talk to Republicans ... this may sound turned off people of bending and by this this whole process ... of people been entertained by these debates ... you know people are not being very much by these four candidates um can you find the particular strongly on the Republican side ... and yet the look of the debate like the bus but it is inching moments are all sparring is needed to prove themselves the most conservative ... you know the big issue of jobs was barely mentioned it was ... very much fighting and cut into margins of the party ... over sort of Republican orthodoxy ... and you know that's why ... of Brock Obama and it's it's allows are loving this whole ... campaign is it goes on as ... they realize that there's no evidence that is basically due to fragile damage ... to whomever emerges as the eventual nominee and any on screen or we of the key races that are coming up with the next week we got Arizona Michigan ... and then on then marched every of Washington state and of course March six Super on Super Tuesday ... I mean in terms of you you mention that this was the twentieth of the tenth of a final debate one thing I was interested in is just that killed twenty twenty that they thought the heck of alot of rebates for the feds for these guys seem to have you seen the candidates the aisle to beef dial ... change it all ... on overtime because adapted from the feedback they've they've got was the twentieth of eight different from that the first debate in terms of their style ... he got a lot better I think ... I think Rick Santorum slows while overall has really improved in each user a final four ... up but the good has it you know Neten a sporting event the more you do with them or use bar ... the more you get to ring the better you didn't ... and they've all gotten to steal a lot better in the style they ... um ... you know I thought that Mitt Romney last night was way better prepared for his clients ... he sat down better his defenses you get down a lot better ... but Santorum with a much smaller or sharpener in a much more ... disciplined organization ... but that is waning in a little bit more ... that's also the case that that Gingrich and on Polycom to ... rely on just there you know ... in aid abilities as ... a sportsman of boxers in the ring in ... but it's been fascinating to watch in terms of the evolution of the style and how I think that is going to be a lot better through them probably the ... best series of debates we've had in recent times le political front ... and the defense and watch ... it on the dollar also bought there and it is the economy and we're going into quickly on but you're probably going after a half percent or ... first ... let's not forget ... that four years ago well after RomneyCare was put in place ... four years ago Benelli endorsed may you on the Laura Ingram in said and this is the guy ... who is really a conservative that we can trust him was that the bill was seventy pages says Villa's two thousand seven hundred pages ... there's a lot of those two thousandseven The debate is I don't agree with the love that I have if I'm president said that states ... I Will repeal Obamacare for a lot of reasons ... one analyst Ben another trillion dollars we don't have that kind of money it's the wrong way to go ... number two I don't believe that the big oven should cut Medicare ... by some five hundred billion dollars number three I don't think the Fed ago but should raise taxes by five hundred billion dollars and therefore I Will repeal Obamacare ... he'll wary traveling to do next ... lighting a gym and back into their primary cradle Beder all weekend and I were trying to ... sort of the euro were Michigan will go since the big contests considering that the Iranian grow their debt as governor and ... there's still some evidence that this ... could be read their duties in Michigan that could throw this race wide open so different is that it is a ... wonderful meal thank you so much man with all the answer that for good talking to you aam again soon gets a fair bit and you know ... but ... are right up next we have by John Shipman here to help us understand make sense of the of the market today morning ... a into into it so that it's on it's a muted decisive this morning of ... the guys still cast toward euro blond situation where they are Greek parliament is gonna be voting on some issues regarding their their debt swap and ... try to get off ... the private bondholders to ... see ... fully participate in this this that swap ... situation so there's no that's it that's been a factor today ... and you get so much water and outs morning from retailers and the initial jobless claims ... the initial jobless claims were flat which actually is better than expected graduate with a four week ever put in a row before carriage and use it I think it's about three hundred and sixty thousand lives a little bit above what the what the initial claim is ... the out of the four week average dropped ... a bomb about seven thousand so that trend continues to build white dress and really don't mean as far as ... the overall macro picture of all mobile that the macro picture that investors have been used it ... to understand and try to understand with their investment dollars should go ... it's a slow but steady improvement in the U S economy is on track ... um ... you know we don't expect to see ... the gigantic changes in the employment situation is very difficult still but ... there is this ... slow progress it seems to be continues to go the way to look that looks that way and I think ... of investors are really in a move that will take anything get in terms of improvement in the second of it is being received well when when we ... entered the puppet I was at this point now ... because the rally of senior state ... it's feels like ... there's a little bit of fatigue that sad and so for instance this this Report Initial jobless and reports' Morton was a was ... on on the face of a positive report ... the marker reaction was subdued actually futures were a little bit higher ... going to the report and came off you know ... the half a point of the SNP futures was a big change ... so um you would ... think investors the markets are to get use to this this time around ... veterans except that ... it has to be something outside entrance ... while some sort of ... reassessment and very quickly what which retailers we could see earnings of wolves thought this was fun la Mer SA to Target Kohl's and see your herds and of both Target and Kohl's of the earnings fell ... aam sales for the holidays is not as as good is sort of the report ... you know ... during that period and you know ... it sounds that sounded from ... the retail Association was ... the gets us if we had these record sales and that ... basically are its work without them ... so here is still discounting take to get the sales ... notes that way and then just sort of underwhelming although target of increase its outlook for its current quarter and for the year but this the stock still the free market ... Kohl's shares were down premarket on disappointing ... in terms of sales ... they are and their outlook ... Sears is still kind of mess um you know they haven't really gained any traction in terms of sales ... on and talk about spinning off parts of their business now and try to boost their liquidity position sell that's can of beans for a turnaround story alright without it without a nonstop there are any somewhat stock and much more on the markets of the ten thirty of course many more signals over viewers ... he's someone you ... are right when we when we return on cautious and pessimistic earning returns from company ... welcome back to the news how we are joined by Alexander STAG Alexander alone in the morning and here to tell us about Tom U S companies are being a little bit more cautious and pessimistic and their quarterly quarterly profit to ... estimations and work more cautious more pessimistic than they have been in past years ... I it's it's really surprising actually cutting their guidance at the highest rate since the first quarter of two thousand and nine ... and I mean this as I'm sure you guys remember that was a very different economic environment ... so they're they're worried about a couple of things they're worried about your app ... and then they're worried ... about cost cutting ... in entering recession they were really cute that all I felt a pang ... and so now you know that margins that kind of come off their peaks and I'm not sure on how much longer they can ... cut costs in ever since the recession is exactly in the trend of the people one quarter to quarter ... us including you and your intercession of the slow recovery from recession ... were surprisingly strong in the question ... was how long can they go without much top line growth ... because they just constraining costs ... it is what you're reporting now with the perhaps the Greek debt limit ... that seems to be what investors and analysts are saying you know at the margin seems to hit their peak last year ... on baby top talent I guess in the third quarter and since then it kind of been slowly declining ... and no credit that she really is and some some inflation happening I mean ... people are talking about oil prices rising and of course the cost of energy goes into I'm ... a lot of these on my insanity ideas and because of competitive ... with the situation because consumers ... don't have the most money for those silly to me that the kid gets along those higher costs exactly at that Pepsi for example and there are seeing a lot of raw material inflation he said it's gonna take ... I mean the nine percent out of their bottom line and they actually said that they're not can pass on Mac OS to customers ... so they you know I think it's actually demanded ticking five percent total out of their estimated earnings for this year and we we have some stories and dessert actually are paying much attention to the pessimistic ... estimates and using it a little bit of on taking the boy you're the girl who cried wolf because ... the new AIPAC in your story that sixty percent of SNP five hundred companies ... beats ... the error on their estimates this is the isthe saying OK we're not you know we're not looking at these numbers as it looks like ... you know most of investors that spoken with the current back concerts and ... now I guess what what's interesting is historically Email Companies wanna under promise over deliver or sell about sixty percent of them normally ... and that beating estimates just on average ... um but usually it they don't cut guidance secrete it's free ... so it's really a matter more of them saying oh no we might be coming in a little bit below what we bought a foreigner ... on and ... then ones that are saying that they're going to be ... the rest of the street ... right ones and I think you so much and obviously more on Markets Hub as always for all the D tells us thank you so much thank you ... and now returned to Beijing Aaron Back in Bejing Bay on Wall Street Journal got an exclusive ... insight into a report that when to come out on Monday put together by the World Bank and ... an employee told Chinese think tank ... aam which says that China should scale back its ... influence or its role ... in ninth the enterprise company is and make them more ... when more like a commercial company so ... Aaron first question why is China going to listen to this report ... well this was for ... this report was co sponsored by a very influential state think tank ... of the development research center ... SOEs are just a World Bank report ... and it makes the case that China could face a crisis time ... down the road ... if it doesn't make some reforms to ... make its data enterprises more commercial ... that said there are also forces that are going to be against these reforms ... most notably the Steven P T cells ... which are now some of the ... biggest the most profitable companies in the world ... so it's not giving in to happen but there are forces within the Chinese government to block a ... parent is interesting in a sense because ... you know in in some sort of macro conversations about ... free enterprise capitalism model against ... versus state ... hear some people talk recently about the positives ... of of the state capitalism you know you can ... you can make the re The you could make ... quick decisions you can go into new industries and stay in for a long haul Nothaft or whatever that deposits are so ... it's a struck me as as as somewhat curious ... that the view that you reporting on this report ... is that that's that's in a given the India China is being recommended to go away from that ... sure well I think you know with one of the wraps on Stake Apple's ... is that it's inefficient captured machine ... but it doesn't deliver growth for well once you're already caught up to be ... very well delivering ... innovation for example ... so I think the part of its meetings report is that ... as China approaches a so-called middle income level ... he made us well served by the state led growth model ... and you're looking for this is not complete privatization by it by any means this is just this is just peeling back of the influenza new benefits scaled back its still ... mourn bolder by the Chinese government and for example the U S government with with companies here ... oh absolutely I did I mean so by some estimates around forty percent of Chinese GDP is controlled by the steel companies ... and what this report is saying is not the should be privatized to me saying that ... there should be some buffers place between these companies and the central government ... so they can be run more like commercial enterprise ... but vice president on Xi Jinping what is on the US to work on just very recently and there was no there were some hope that this was kind of baby sparking ... sparking more of a friendship between between China and the US and he's he's expected to on take the helm ... for to potentially later this year is there in their thoughts about whether whether she would be more open to different kinds of suggestions and not ... an occurrence the government leaders ... well it's not clear she Jinping his ... economic views are ... very un known ... I he's he's holding his cards pretty close to its best ... in terms of what you may think about these issues enjoy becomes the leader ... um but there is hope that ... that you could be a little bit more market oriented leader ... the current leadership ... has put a lot of focus on ... issues like social equity in the environment ... though ... which has been positive but it's also entailed a slowdown in China's privatization drive the saw in the nineteen nineties ... so ... people to the current leadership has has been a will but more pro State and less pro market ... and what would this mean I mean how do I do us companies if he'll feel feel about this obviously you know having the Chinese SA government involvement I can get back to give them a bit of an advantage to Chinese company that there is ten or more of an opening up more of a scaling back What second inning for for U S company ... well ... it's interesting you know ... the Obama missed ration and ... Timothy Geithner made the case that China's state with economic model ... ISM unfair advantages ... what I would argue that it's actually ... in China's export sector is tradable sector ... that sector is still mostly dominated by private companies and smaller companies ... beer is produced in enterprises have a lot of power is in mostly domestic sectors ... like ... with ... no up power generation in ... utilities telecommunications things like that ... so ... I don't know that the impact on American businesses in the bag free ... from these reforms if they do have ... a right Aaron Back deputy bureau chief in Beijing thank you so much for aam for joining us obviously find more ... on our on our website with the strains on the front page of paper ... this morning and now we turn to Caracas Venezuela ... we got that we've got tacky dole Key Jolie VF of the phone he Del Rio ... we so we we have a story recently ended Tuesday ominously Linde president of the charm as indicated that his illness cancer that he'd been treated for what is with getting worse kinda thing ... for the network in an auto commercial and we'll be right that threatens to tell what Apple ... lol I'm president avenues will present a much out of the belief has added some political uncertainty and your provide us with some clarity coming from Krakow is that each of the US ... people think you so much for joining us to Apple and straightened out there ... on giveth give us a sense of ... what what I've been a thump revenue which I said ... earlier this week in terms of the progression of his own ... Jerram and she needed the fall in love speculation in local media ... that he may have ... been cheating on them more to me anymore treatment ... that he did announce that that he had eighty two centimeters in diameter he informed ... form dough we're ... roughly where he had to be ... a ball sized tumor removed ... last summer ... I Jerry has never said what ... that kind of entry has but ... I'm yet that that the new growth appears to be malignant ... and for the first time you change in tone ... a dramatically from earlier ... when ... made in the month after its initial surgery is going to cure the illness ... but now he he ... he he ... I forget that he could be ... you know I work ... and what what does this mean going for it because in in in Venezuela I mean ... if there's a there's a vacuum created by Chabad says that since the time ... there is that there is that very little to to replace it because Jonathan Saul has worked very hard to sidelined a lot of its opponents ... in in different parties as well as in his his own party ... absolutely I'm ... good with that of the big question mark at the moment I'm a lot will depend on what comes out of ... this weekend's treatment I'd ... ever the wind cave ... what the what a cute but this weekend ... and those that were ... are going to eventually ... I'm ... still alive would depend on what not do that but at the moment you're actually right there in the huge vacuum ... I'm you know beer and ... chatted in Victoria three years around himself with ... so ... much what I like the use ... of miniature they show that they're not even ... often don't work very well like whether that meant going public but ... Intel ... has been very I'm you know we're working on it ... like that ... among his supporters ... and in tow ... what it what would it mean to me Venezuela has the world's largest oil reserves sits on the weekend Chavez is Party were to replace them or somebody percent ... on opposition ... governor ... on who was also you know try to put up a Bible with that mean in terms of the pedestal soil surface ... oh well they do not yet clear a so old that question ... I'd rather do it the largest to ... the holder the market will likely lower Richard ... however agree to production and the food declining although I ... was you ... and ... which many people painters all the chatter taking out ... a lot of multinationals and that to ... be very hostile ... entity that toward what a private business ... um ... if they need ... one of ... coming from China to grant that I was able to take ... the helm I ... it's hard to change there would be a ... change ... in that model ... however in the new opposition candidate ... it ... was too young to invite you more of the dough into two lot economic model ... yet that that that the oil company Shell remained weak and however ... you like or foreign to our division and increase ... of oil production ... and later MITI Unitech Limited ... and ... this is this a situation ... DD opposition candidate and won our election ... when ... I was and I are coming up ... soon in October ... and that of a lot lower ... note ... to ... the data that can carry ... hearing of the really ... interesting kind ... of in ... the morning couple months to really recover and ... back into the campaign ... and what's what's interesting I mean is what what's your sense down and whether the illness could actually fall for her and my kids you never never liked to happen at the feeble weak looking reader but the same time as the site in on the Argentine ailing President Cristina Fernandez secure shares ... has been answered your shirt I'd actually engendered some support ... to Zarti doing well at pusher over the edge in terms of ... winning the recent elections there's that you think that his illness will help or hurt ... it ... well ... in the immediate aftermath of the first to feature their work with some local won't hold dear to account ... that ... they have ... heard that with cancer ... it kind of help in ... reading quite a bit ... but ... now it seems to be changing and oh no chided having from one kid that he's ... getting better and ... jeweler ... I've now having to go back to work and the degree that it ... and I'm it's showing a different side of him and ... I think ... a lot of ... voters will be asking the kind of question is if you're ... healthy enough to actually go for including ... a wider though ... didn't ... meet them is the preferred supporters but also one of the ... side of the middle ... our eighteen philanthropic think you so much time for your time ... and that now returned to Linsanity has been ... trademarked again on in China ... the head of the Linsanity actually it's a it's a great subject especially on the best book ordinated systems in New York it's just so exciting to watch Knicks again and has been that way for for awhile ... and I'm here with us and how fall right back at L'Oreal Rio ... wonderful so so tell us more about this Chinese sportswear company that to ... enter for saw the rise of fast ballplayer Curae Midland ... my thinking in a twenty year trend for her company enchantment ... however I before and the andthe a nanny and and ... and and a cake ... you actually can ... mean an end and he and keep them in two thousand and ten ... write and in my graduating from Harvard and I ... for him ... to to to pick up the phone so we could hear you more clearly ... great ... but to ... one quick question on this this this company has gotten these rights ... German who would himself ... have any right to ... either some of the proceeds from any sales or any say about ... how they ... how the use of merchandise ... are really high ... great how it was I'm I'm very story today that coming out here in ... us out Michael Jordan he hiding her Youtube right that his name on it and that ... there's another sportswear company that can lead ... to a new version of the name ... and I that Michael Jordan can't get anything good that though it's unclear right now ... we are likely to that I'm that ... Jeremy Lin was yet to take anything from a company that at the right ... way ... that I'm that ... sort of ... Watada named can't change alot ... I've trademark attach Weatherup pints great purge actually had to bite you that ... to him that remark on now Michael Michael Jordan's name obviously wonderful basketball player for the little that past its prime I mean are these are these companies and ... throwing things on the wall and unseen see what sticks is taking up copyrights and trademarks on a one tons of names and hoping that one of them kind of comes through the end of the famous basketball player ... and they're a lot of people I think she knew when I ... found I actually don't know foreigners can in China thank you note that Dish and anyone here in the country and I'm sure that the trademark clocking that came with that in the last week an ETF ... Seifert URL water soak in ... the many people I in the hope that someone else will need to be that they can make money off of it ... what this means for Jeremy Lin and so what about what this means for pants when I annual by our very own ... Jeremy Lin basketball ... I mean I had to really you can buy right now meaning that any of the company to the renegade company doing whatever they want change I ... think I kidding it legally on ... AP has ... just announced this week that it would be telling T-shirts to charity do that we know what that in that case she ... had the right to get to ... the agreement with the NBA here ... to know I'm that girl interesting ... and just quickly I mean how ... turbulent success here in us being greeted in China given that his parents or he was born us that parents are ... our timing easing into the use ... DVD is this the sportswear company few there's a very big market for Jeremy Lin memorabilia ... we cheered and people are really excited and I know that ... my trainee at me yet ... they don't really get me he wrote in a way that the lack ... of a lot when he ran a story that could happen I haven't really draft on sharing and I'm ... he'll go pee everywhere in the air in economic news Jeremy Lin Clare at ... Qantas planned County generic might worry you can decide what to ... believe that we have to go everyone from people in your story as we think you so much for joining us on